Grove Collaborative Holdings, Inc. operates as a plastic neutral consumer products retailer in the United States. It provides household cleaning, personal care, laundry, clean beauty, baby, and pet care products for households. The company is based in San Francisco, California.
Grove Receives NYSE Continued Listing Standards Notice
Grove Collaborative received a notice from the NYSE stating it is not in compliance with continued listing standards regarding average global market capitalization and stockholders’ equity.
The company has 45 days to submit a business plan demonstrating how it will meet the $50 million thresholds within a nine-month cure period.
While the NYSE notice does not immediately affect trading, failure to gain approval for the plan could result in delisting proceedings.